Deutsche Brse has provided a commodity index ETF for trading in XTF. EasyETF GSCI, which tracks the Goldman Sachs Commodity Index, is issued by AXA Investment Managers (AXA IM) and BNP Paribas. Goldman Sachs will act as designated sponsor.
“Deutsche Brse is at the cutting edge of innovation in the European ETF market. Following the introduction of European equity and bond ETFs, we are now offering the world’s first commodity ETF in the rapidly expanding market for exchange traded index funds,” said Rainer Riess, Managing Director of Stock Market Business Development at Deutsche Brse, and responsible for the XTF segment. “EasyETF GSCI grants investors straightforward and cost-efficient access to the commodities market.”
The acquisition of EasyETF GSCI units via Deutsche Brse does not involve a front-end load, and the annual management fee is 0.45%. The GSCI index underlying the EasyETF GSCI fund reflects the performance of the commodities with the highest global demand. The GSCI contains commodities from the four sectors Energy (e.g. Brent and Natural Gas), Metals (Precious and Industrial), Agriculture (e.g. Corn and Coffee), and Livestock (Live Cattle and Lean Hogs).